The EUR/USD currency pair rose about 80 pips following the European Central Bank's announcement that it would leave its benchmark and deposit rates unchanged. Starting about five minutes into ECB president Mario Draghi's introductory statement at central bank's press conference, multiple financial markets realized that the Italian banker and economist would not be announcing a new policy move. What followed was an historic intra-day move by the euro – the single currency tumbled more than 200 pips against the US dollar over just 30 minutes.

Curt Wehrley
Twitter: @fxcoachcurt
Currency Strategist & Trader Coach
Licenses: Series 3, 34
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